Bank of New York (BK) Offering Possible 6.16% Return Over the Next 9 Calendar Days

Bank of New York's most recent trend suggests a bearish bias. One trading opportunity on Bank of New York is a Bear Call Spread using a strike $33.50 short call and a strike $38.50 long call offers a potential 6.16% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $33.50 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock rose above the $38.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Bank of New York is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Bank of New York is bearish.

The RSI indicator is at 25.63 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Bank of New York

BNY Mellon Appoints Monique Herena as Chief Human Resources Officer
Thu, 10 Apr 2014 13:05:00 GMT
PR Newswire – NEW YORK, April 10, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, has appointed Monique Herena senior executive vice president and chief human resources …

U.S. Fed's hard line on funding to bring more pain to Wall St
Thu, 10 Apr 2014 01:23:27 GMT

J. Kevin McCarthy to Become General Counsel of BNY Mellon
Wed, 09 Apr 2014 13:05:00 GMT
PR Newswire – NEW YORK, April 9, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, today announced that J. Kevin McCarthy will become Senior Executive Vice President and General Counsel, effective April 15. He will report to BNY Mellon Chairman and Chief Executive Officer Gerald L. Hassell and will become a member of the BNY Mellon Executive Committee. McCarthy, currently the company's Senior Deputy General Counsel, succeeds Jane Sherburne, who has decided to leave BNY Mellon to consider opportunities in both the public and private sectors.

BNY Mellon and OTC Markets Group Launch OTCQX® ADR 30 Index, Powered by BNY Mellon DR Indices(SM)
Wed, 09 Apr 2014 12:15:00 GMT
PR Newswire – NEW YORK, April 9, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, and OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, …

Fed Board Meeting on Tougher Bank Leverage Ratios
Tue, 08 Apr 2014 23:11:39 GMT

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